In most countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?
It is a common trend seen across the nations that the majority of its population is opting to live in a rented accommodation rather than purchasing a new
house
to live in. There are advantages and disadvantages to this
way of living and these will be explained with relevant supporting ideas in the essay.
On the one
hand, there are multiple advantages of staying on a rented basis. One
primary reason is that you can choose to move your residence relatively quickly and easily. For instance
, if you switch your job to a new city
Accept comma addition
city, then
then
you can relocate to a new house
that is
closer to your workplace in quick time and without much hassles. Another important advantage is that you need not borrow a loan from the bank and end up giving a significant amount of hard-earned money in the form of an interest to the bank.
On the other hand
, there are a few problems with this
arrangement as well. One
critical problem is that tenant has no control over the furnishing of the house
they reside in. To cite an example, it is often seen that in a fully furnished rented apartment, one
cannot remove any furniture or move it elsewhere based on their wish. In other words
, landlord's permission is required to be obtained even for a slight modification in the flat. Another drawback is that one
does not have an asset to his name. Selling of a house
has been an age-old tradition when a huge sum of money is required immediately but
not owning a Accept comma addition
immediately, but
house
renders one
from this
alternative. Thus
, people with no property may face an up-hill task to arrange for money in times of emergency.
In conclusion, it is evident that living in a rented home has few benefits, but it also
has some serious drawbacks that need to be considered. Therefore
, one
has to carefully analyse both these aspects and choose their way of living.Submitted by sportardent89 on
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